Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets that are measured at fair value on a recurring basis
    Held-To-Maturity   Amortized
Cost
    Gross
Holding
Gain (Loss)
    Fair Value  
December 31, 2020  
U.S. Treasury Securities (Mature on 2/25/2021)
  $ 350,218,694     $ (4,298 )   $ 350,214,396  

 

Schedule of fair value measured on recurring basis
          June 30,     December 31,  
Description   Level     2021     2020  
Assets:                        
Investments held in Trust Account     1     $ 350,119,600     $ 350,218,694  
                         
Liabilities:                        
Warrant Liability – Public Warrants     1     $ 24,498,250     $ 44,800,000  
Warrant Liability – Private Placement Warrants     3     $ 11,625,930     $ 21,326,490  

 

Schedule of quantitative information regarding Level 3 fair value measurements
    June 30,
2021
    December 31,
2020
 
Unit price   $ 9.95     $ 11.30  
Strike Price   $ 11.50     $ 11.50  
Term (Years)     5.00       5.50  
Volatility     20.5 %     25.0 %
Risk-free rate     0.88 %     0.43 %
Dividend yield     0.0 %     0.0 %

 

Schedule of fair value of warrant liabilities
    Private Placement  
Fair value as of January 1, 2021   $ 21,326,490  
Change in valuation inputs or other assumptions(1)     (9,700,560 )
Fair value as of June 30, 2021   $ 11,625,930